Analysis: BTC is approaching the $83k ETF average cost range, and the short-term trend has entered a critical validation phase


According to a post by Nic Puckrin—co-founder and CEO of Coin Bureau—on X, Bitcoin has broken through the $80k mark, hitting a nearly three-month high, and has re-established itself above several key technical and on-chain indicator ranges, including the middle of the CME gap ($79k-$84k), the bull market support band, and has risen to above the price level achieved by short-term holders relative to the real market average.
Nic Puckrin added that if Bitcoin’s price can stabilize within the current range, the next levels to watch include the approximately $83k ETF average cost range and the upper boundary of the approximately $84.5k CME gap. Overall, Bitcoin’s short-term trend has entered a critical validation phase, and the market may see a more volatile trading window.
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